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i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that we have limited fiscal resources. like jack, have i spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. i feel incredibly fortunate that my wife, carol, and my family have been willing to allow me to do this. i thank them for their support and their patience and i understand their occasional impatience. [ laughter ] >> i want to express my admiration and my appreciation for the women and the men of the treasury de
i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that...
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jack lew, the current white house chief of staff. the nomination not without controversy, as most are not these days. mr. lew's reputation truly precedes him in this case. some in the senate as seeing him overly rigid -- the senate and the house on capitol hill see him overly rigid. wyoming senator john bros. sew is chairman of the foreign policy committee. nice to have you back on the program. >> thank you, jenna. jenna: i was looking at a report from bob woodward, speaker boehner apparently told woodward that he asked the president to keep jack lew at the white house, to not send him to capitol hill because he was tired of hearing the word "no" so many times. what's your reaction to this nomination if. >> well, jack lew is very partisan, and he's very political. but the fundamental problem, jenna, are are the president's policies and the president's addiction to spending. to me, that's the bigger issue. wewe are $16 trillion in debt, t is the greatest threat to our national security, and yet jack lew and the president think that sp
jack lew, the current white house chief of staff. the nomination not without controversy, as most are not these days. mr. lew's reputation truly precedes him in this case. some in the senate as seeing him overly rigid -- the senate and the house on capitol hill see him overly rigid. wyoming senator john bros. sew is chairman of the foreign policy committee. nice to have you back on the program. >> thank you, jenna. jenna: i was looking at a report from bob woodward, speaker boehner...
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are you saying that -- or would you say that rob nabors, gene sperling, jack lew, whoever replaces jack lew -- none of these people will now go to the hill to talk debt ceiling? are you saying that biden will not meet with mcconnell to talk debt ceiling? are you saying that the president will not invite leaders from both chambers of congress to the white house to talk debt ceiling? >> yes. we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt ceiling. and if that is a responsibility that is just too onerous for them to bear, they should pass it off to the president as they did previously. he will not negotiate over raising the debt ceiling. this is n
are you saying that -- or would you say that rob nabors, gene sperling, jack lew, whoever replaces jack lew -- none of these people will now go to the hill to talk debt ceiling? are you saying that biden will not meet with mcconnell to talk debt ceiling? are you saying that the president will not invite leaders from both chambers of congress to the white house to talk debt ceiling? >> yes. we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated...
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we talked about jack lew. i can not. we have to go for this. take a look at the signature that will be on the new dollar bill, new treasury secretary's signature. do we have it? ashley: there it is. look at that. >> you know. ashley: oh, boy. >> she just said it all. the other thing i was going to say, alexander hamilton has to be rolling in his grave with that signature. ashley: look at that. lori: loop de loop. >> ever seen my hand writing? better than that what. ashley: charlie gasparino, as always thanks so much, charlie. high taxes are forcing high-tech company to hoard billions of dollars overseas, investments that could be used here in the u.s. liz macdonald is digging into the numbers and joins us ahead. lori: damage gets galore -- gadgets galore at the consumer electronics show in las vegas. liz is on it. >> shibani and i are going at. these are the first small electric vehicle motorized skates. they are wireless. 700 bucks. she is doing great. not going 10 miles-an-hour but not bad. gadget wars coming up. ashley: top electronic compan
we talked about jack lew. i can not. we have to go for this. take a look at the signature that will be on the new dollar bill, new treasury secretary's signature. do we have it? ashley: there it is. look at that. >> you know. ashley: oh, boy. >> she just said it all. the other thing i was going to say, alexander hamilton has to be rolling in his grave with that signature. ashley: look at that. lori: loop de loop. >> ever seen my hand writing? better than that what. ashley:...
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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he is jack lew now chief of staff. he's got one thing in common with the president's last three nominees namely john kerry chuck hagel and john brennan all three are white males. does president obama have a diversity problem or people just being too hard on him again. we'll talk about that and a whole lot more. but first, she's got the latest, today's current news update from lisa ferguson out in los angeles. good morning. >> hey bill. good morning everyone. the white house is gearing up for a fight with the nra in the midst of meetings from obama's new gun violence task force. cnn is reporting that the nra is prepping a hard-hitting ad campaign mounting opposition to possible new restrictions. nra president david keen says the group is mobilizing for a fight and will engage its members. now the white house's plan is to outorganize the nra. president obama is rallying groups of churches, medical organizations and retailers all to build support for new gun regulations. >>> the joe biden-led task force is set to deliver
he is jack lew now chief of staff. he's got one thing in common with the president's last three nominees namely john kerry chuck hagel and john brennan all three are white males. does president obama have a diversity problem or people just being too hard on him again. we'll talk about that and a whole lot more. but first, she's got the latest, today's current news update from lisa ferguson out in los angeles. good morning. >> hey bill. good morning everyone. the white house is gearing up...
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jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to take this? because we've already seen some opposition to him. >> as expected, a lot aren't taking it very well. they say he still has questions to answer about harsh interrogation tactics from the bush era. he hasn't answered that. lindsey graham the other night speaking on fox news that suggested he wants to put a hold on brennan's nomination. use that as leverage so he can get the answers that he and his republican colleagues, kelly ayotte, john mccain have been pushing for from clinton from the obama administration and the atta
jack lew is going to the treasury. for those of you who can make out his signature here, that's jack lew's signature. it looks sort of like a drunk caterpillar there. that will be on your flat money. it looks just like this. jack lew's signature. like a shock test if you look at it the right way. that's one nomination. other nominations that we've had here recently. we wanted to talk to juana summers about. let's start with john brennan. john brennan to the c.i.a. how are republicans going to...
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jack lew is reportedly the current's -- could be his nominee. he's currently the chief of staff, also a former budget director, as well. insiders say he's the best person to take on the many looming battles with congress that are coming up, including the battles over the debt ceiling and those pending budget cuts. if confirmed, you'll be seeing a lot more of this. that is jack lew's looping signature on every new green back that is printed. it's been described as a slinky that lost its spring. lew says he'll make his name more legible if he does get the job. >>> and vice president joe biden meets with the nra today as the debate over gun violence intensifies. it could be a tough sell since the group already says it opposes any new restrictions. among those speaking out is new york's governor. andrew cuomo is urging lawmakers in his state to close loopholes on the state's assault weapons ban. >> this is not taking away people's guns. i own a gun. i own a remington shotgun. i've hunted. i've shot. that's not what this is about. it is about ending
jack lew is reportedly the current's -- could be his nominee. he's currently the chief of staff, also a former budget director, as well. insiders say he's the best person to take on the many looming battles with congress that are coming up, including the battles over the debt ceiling and those pending budget cuts. if confirmed, you'll be seeing a lot more of this. that is jack lew's looping signature on every new green back that is printed. it's been described as a slinky that lost its spring....
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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now the biggest question of jack lew and his signature is what is it. coming to a dollar bill near you, this parity of a signature. it belongs to president obama's nominee for secretary of treasury, the agency responsible for printing the greenbacks which carries lew's signature. it's been called a slinky that has lost its spring. can you even describe this warped row of curly qs as a signature? >> it's a scribble. they don't want people to know who they are. >> reporter: washington knows w who lew is. the most clammest of president obama's chiefs of staff. lew's in line to replace tim geithner. geithner had signature problems too. previous secretaries penned readable if not memorable signatures. geithner told public radio last week india is to blame. >> i took hand riting in india. i probably didn't get the best instruction. >> even if he did, he doesn't know where to begin. >> he has a symbolic strange signature. if he caressing legacy, he'll adjust his signature so that it's less transparent. >> now, for those of you who are wondering, my signature h
now the biggest question of jack lew and his signature is what is it. coming to a dollar bill near you, this parity of a signature. it belongs to president obama's nominee for secretary of treasury, the agency responsible for printing the greenbacks which carries lew's signature. it's been called a slinky that has lost its spring. can you even describe this warped row of curly qs as a signature? >> it's a scribble. they don't want people to know who they are. >> reporter: washington...
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i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur muring that there's not enough women part of this white house, the inner circle. what are folks saying about that? >> the visual you just showed with the four cabinet members being men, th
i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >>...
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>>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. nation.s woven together, it >> i tried. still doesn't even look good. good morning and welcome to "way too early," the show that's proudly ranked just ahead of doctors at our penmanship class. we have a lot to talk about, including a white house meeting on gun control between vice president biden and leaders of the national rifle association. i'll tell you why the nra leaders walked away disappointed. plus, the pentagon tightens its belts ahead of possible cuts. >>> first, our top story at 5:30 a.m. here at 30 rock in new york city. amid a national debate about guns and violence, a california teacher and a campus supervisor are being credited for heroic actions yesterday during yet another school shooting. i
>>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. nation.s woven together, it >> i tried. still doesn't even look good. good morning and welcome to "way too early," the show that's proudly ranked just...
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the official jack lew signature generator. if you type your name, you can generate your own jack lew. wow. >> what's mine look like? that's a fascinating "b" at the start. >> i like that. mine is going to be much more elegant. >> that's not bad, actually. at least everything is on the same line. >> that's a good one. >> as treasury of secretary, jack lew's signature will be on every official u.s. dollar. so why don't we see what it will look like? i take a little crack at it here. >> let's see what yours would look like. your scribbles are not good. >> king of the world. >> can anyone out there read that? what is that? >> this thing doesn't work. >> you don't even fit in the lines. >> this thing is garbage. let's move on. oh, he's throwing paper balls over here. >> spring training is only about a month away. he gets a little excited. >> can't take that guy anywhere. all right. now, it's just another day in new york city. this is my final story. a manhattan subway rider uploaded a video to youtube chronicling here subway ride.
the official jack lew signature generator. if you type your name, you can generate your own jack lew. wow. >> what's mine look like? that's a fascinating "b" at the start. >> i like that. mine is going to be much more elegant. >> that's not bad, actually. at least everything is on the same line. >> that's a good one. >> as treasury of secretary, jack lew's signature will be on every official u.s. dollar. so why don't we see what it will look like? i take...
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but jack lew is opposite of that. he thinks he las the set of skills he needs among candidates to replace jack lew as chous chief of staff. one source tells me set leading candidate. we will see if that announcement is made tomorrow as is jack lew for treasury. >> if jack lew is secretary treasury, it'll look something like this, whatever that is. accidentally, tim geithner had a different signature but changed it for the green back. ma maybe jack lew will do the same. >> the power the new treasury hassle have the power to shape. but is this is real risk? fresh off a multiyear run at tcw, first off, congratulations of being a self-employed business man. >> thank you, very much. >> now all of the bills fall to you. >> yes. >> but it is always ladies first. >> glad to hear it. first off, jack lew, no doubt his commitment to dc. my problem is his commitment to dc. he only served out of d.c. one year in the hedge fund department. is he the right man for the job? >> listen, i think you raise an important point. i think wha
but jack lew is opposite of that. he thinks he las the set of skills he needs among candidates to replace jack lew as chous chief of staff. one source tells me set leading candidate. we will see if that announcement is made tomorrow as is jack lew for treasury. >> if jack lew is secretary treasury, it'll look something like this, whatever that is. accidentally, tim geithner had a different signature but changed it for the green back. ma maybe jack lew will do the same. >> the power...
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defense secretary but jack lew is practically a shoo in however given this man's history with banks and his stances on deregulation should we expect more of the same from him for more kyle harrington founder of harrington capital management joins me hey there kyle so let's are you doing well how are you sir good jack lew is not a surprising choice to many just i mean he isn't facing as much scrutiny as more of an out of the box kind of nominee. well i you know it's interesting aside from his peculiar signature you know i think you know one needs to look at whether or not you are republican democrat liberal conservative his his background is it is kind of interesting as well it seemed as if he was raised and grew up on more of a government dependent spending liberal side of the equation and then he got into private practice in which he you know like you highlighted said that financial deregulation had nothing to do with the collapse so you you you wonder whether or not you know where he is and again with the less thing we need in my opinion out of washington d.c. with respect to any of t
defense secretary but jack lew is practically a shoo in however given this man's history with banks and his stances on deregulation should we expect more of the same from him for more kyle harrington founder of harrington capital management joins me hey there kyle so let's are you doing well how are you sir good jack lew is not a surprising choice to many just i mean he isn't facing as much scrutiny as more of an out of the box kind of nominee. well i you know it's interesting aside from his...
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the white house announced that jack lew will be nominated as the next treasury secretary. the president will make the official announcement at 1:30 this afternoon in the east room of the white house. 57-year-old lew served as budget director and chief of chief of staff under two administrations. according to "the new york daily news," if the con virmz is confirmed by lawmakers, he'll be the first graduate of new york public schools to be the top officer. secretary of state geithner is also expected at the announcement. at the live desk, news4. >>> president obama still has cabinet holes to fill, as well. labor secretary hilda solis submitted her resignation yesterday. she says she decided not to return after talking with her family and close friends. president obama calls her a tireless champion for working families. >>> gun rights advocates will make their vases heard this morning in a -- voices heard this morning in a meeting with joe biden's gun-control task force. the nra, other gun-control groups, and sportsmen head to the white house today. walmart, the largest gun r
the white house announced that jack lew will be nominated as the next treasury secretary. the president will make the official announcement at 1:30 this afternoon in the east room of the white house. 57-year-old lew served as budget director and chief of chief of staff under two administrations. according to "the new york daily news," if the con virmz is confirmed by lawmakers, he'll be the first graduate of new york public schools to be the top officer. secretary of state geithner is...
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lew our t. does some digging into his past we'll show you the info that we dug up. in farmers versus months on so a group of farmers are trying to reinstate a class action lawsuit against the biotech giant what they are fighting about and why the issue may affect what's on your dinner table coming up. it's friday january eleventh five eight pm in washington d.c. hi meghan lopez and you're watching our t.v. well it's the moment we've all been waiting for over a decade for earlier today president obama met with his afghan counterpart to discuss a twenty fourteen drawdown of american troops now in front of the camera both president obama and president karzai have presented a united front and say they agree on the future goals for afghanistan but one report after another has demonstrated that these two leaders are often at odds with one another or two arabic correspondent rym up to him via tell us about the current relationship between the presidents and what we learn from today's meetings. as that
lew our t. does some digging into his past we'll show you the info that we dug up. in farmers versus months on so a group of farmers are trying to reinstate a class action lawsuit against the biotech giant what they are fighting about and why the issue may affect what's on your dinner table coming up. it's friday january eleventh five eight pm in washington d.c. hi meghan lopez and you're watching our t.v. well it's the moment we've all been waiting for over a decade for earlier today president...
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if you see the swirl, that's jack lew. jack lew has a reputation as a tough negotiator. politico reporting by tapping the former key aid for tip o'neal who has worked for two white house administrations, president obama is gearing up to play tough on the debt ceiling. and msnbc contributor, not a handwriting analysis expert, but we're going to ask you about it anyway. a really out john hancock for jack lew. but he's been in and out of washington for the '70s. he's been involved, jared, in balancing the budgets. as the gop is going to push for budget cuts to coincide with three more cliffs over the budget, how critical is jack lew going to be to the president in waging that fight? >> highly critical in precisely the ways you mentioned. by the way, i think it would be cool. we had that at the bottom of our currency. although i suspect he could change his signature for that. one of the things we know about jack lew is that he's been a tireless fighter to protect key areas of the budget, particularly where they affect economically vulnerable people. he's been a staunch defen
if you see the swirl, that's jack lew. jack lew has a reputation as a tough negotiator. politico reporting by tapping the former key aid for tip o'neal who has worked for two white house administrations, president obama is gearing up to play tough on the debt ceiling. and msnbc contributor, not a handwriting analysis expert, but we're going to ask you about it anyway. a really out john hancock for jack lew. but he's been in and out of washington for the '70s. he's been involved, jared, in...
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. >> sir, you're on record about jack lew. i want to get you on record about the breaking news that jay rockefeller announcing he's not going to seek another term come 2014. he's been a five-term senator from west virginia. what does this mean to the balance of power in the senate? >> well, i'm not an expert on the politics of west virginia. jay rockefeller has been a wonderful senator and very strong on a number of issues. he's going to be missed very, very much. and i hope that there will be a good candidate that can take his place. >> the new comes after shelly moore announcing that she would seek rockefeller's seat next year, republican from west virginia. at least one person throwing their hat in the ring for that. bernie sanders, thanks for joining me, i appreciate it. >> thank you. >> here's a look at some of the stories topping the news now. the centers for disease control and prevention said the flu is widespread in 47 states, up from 41. 20 children have died so far and the cdc also reporting that even though the vac
. >> sir, you're on record about jack lew. i want to get you on record about the breaking news that jay rockefeller announcing he's not going to seek another term come 2014. he's been a five-term senator from west virginia. what does this mean to the balance of power in the senate? >> well, i'm not an expert on the politics of west virginia. jay rockefeller has been a wonderful senator and very strong on a number of issues. he's going to be missed very, very much. and i hope that...
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>> i worked with jack lew, what you read does not resonate. you have to remember back then, lew was arguing with the tea party. the tea party they bring negotiations to the table. -- the position, so this is not something new to him. i am quite confident that he will be confirmed again. this is a guy who back in the 1980s helped to negotiate a social security deal that was very bipartisan. 1997 a bipartisan balanced budget that led to a surplus, not a deficit of over $200 billion in 2000. he dusted it up with the republican party back then and frankly he needed to. >> i want to move on to something more light hearted conversation. the buzz about creating a trillion dollar coin. treasury spokesman is saying that the treasury department nor the federal reserve feels that it should be producing a platinum coin. ultimately how does it work? it sounds completely bizarre. >> it's a bizarre solution to a more bizarre problem and i think many people, myself included thought that the trillion dollar coin solution was absolutely ridiculous. but it would
>> i worked with jack lew, what you read does not resonate. you have to remember back then, lew was arguing with the tea party. the tea party they bring negotiations to the table. -- the position, so this is not something new to him. i am quite confident that he will be confirmed again. this is a guy who back in the 1980s helped to negotiate a social security deal that was very bipartisan. 1997 a bipartisan balanced budget that led to a surplus, not a deficit of over $200 billion in 2000....
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if you look at jack lew's career, it's easy to say he's a creature of government. worked in the obama administration, worked for tip o'neill back in the day. but when you look at his experience before he came to the government with the obama white house, he was at citi and got $1 million salary and $1 million bonus. this irks not only conservatives who think obama's being hypocritical to nominate someone this kind of banking background after wagging his finger at the wealthy all year. but almost frustrates and infuriates the left because they would like to see someone more progressive in the treasury role. >> more progressive. but what about this? he was the chief operating officer of a proprietary trading operation of about $54 billion. now, that has been outlawed under dodd/frank. so once again, i see hypocrisy from team obama. >> you've already seen some senators on capitol hill such as chuck grassley of iowa raise questions about what jack lew did at citi. and there's been a huffington post investigation about how lew's unit within the company was tied to hedge
if you look at jack lew's career, it's easy to say he's a creature of government. worked in the obama administration, worked for tip o'neill back in the day. but when you look at his experience before he came to the government with the obama white house, he was at citi and got $1 million salary and $1 million bonus. this irks not only conservatives who think obama's being hypocritical to nominate someone this kind of banking background after wagging his finger at the wealthy all year. but...
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who is jack lew? an inside look at the man poised to take over as treasury secretary. ♪ . ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. lori: here's your fox business brief. snapping a two-day losing streak stocks continue their upward trend as fourth quarter earnings season gets off to a strong start with alcoa last night. right now the dow is up 61 points. >>> billionaire leon black apparently sweet on hostess. "new york post" says the head of private equity firm apollo global management teaming up
who is jack lew? an inside look at the man poised to take over as treasury secretary. ♪ . ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get...
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Jan 10, 2013
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look like jack lew was originally left-handed. charles: i was going to write someone a note a week ago and forgot how to write in cursive. it has been that long. but jack lew never knew. stuart: more serious regarding spending and your dollar. the government's very alan bean calendar, the congressional budget office have numbers that show many more cuts could be made. look at this list. cut funding for non-defense agencies by 1%. that is a cut, how much would that saved? $932 billion over ten years. next, cut the growth in funding for the defense department. just don't cut it, cut the growth. the cbo said that would save $862 billion. how about raising the earliest eligibility age for social security? that would save another $144 billion. just those cuts we have mentioned and that is a small fraction of them, $2 trillion would be saved. you could get $4.6 trillion worth of savings if the cbos proposals were put in place. mike reagan joins us now. what i just described, government bean counters's bonet ideas. know where are they cu
look like jack lew was originally left-handed. charles: i was going to write someone a note a week ago and forgot how to write in cursive. it has been that long. but jack lew never knew. stuart: more serious regarding spending and your dollar. the government's very alan bean calendar, the congressional budget office have numbers that show many more cuts could be made. look at this list. cut funding for non-defense agencies by 1%. that is a cut, how much would that saved? $932 billion over ten...
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Jan 9, 2013
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these are issues that a fiscal expert like jack lew is custom made for. he's been doing this for 20 years. he's also been closing deals on the hill for 20 years. yes, he had a big dustup with boehner in 2011 over some of those negotiations but there he was standing firm on the president's behalf, vis-a-vis silly arguments from the other side. at the same time, says that guy who has deep trust of the president. jack lew doesn't have a lot of market experience, financial market regulation, some international trade currencies issues but a quick study. >> jared, great to have you on. >>> new developments in the one of the worst flu seasons that america has seen in a decade. boston declared a public health emergency this morning. the flu outbreak has turned deadly. a 14-year-old girl in minnesota and a 5-year-old boy in nebraska reportedly died of complications from the virus. and the cdc is reporting at least 18 pediatric deaths so far in the season. every state is affected more than 40 states widespread. chicago hospitals so overwhelmed that they turned away
these are issues that a fiscal expert like jack lew is custom made for. he's been doing this for 20 years. he's also been closing deals on the hill for 20 years. yes, he had a big dustup with boehner in 2011 over some of those negotiations but there he was standing firm on the president's behalf, vis-a-vis silly arguments from the other side. at the same time, says that guy who has deep trust of the president. jack lew doesn't have a lot of market experience, financial market regulation, some...
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Jan 10, 2013
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the nominee, what house chief of staff jack lew. if confirmed by the senate, he would replace tim geithner. some complain that he is too unyielding in past fiscal negotiations, specifically alabama senator jeff sessions. he says, "jack lew must never be treasury secretary." adding, "any loan disqualifies." senator sessions is not saying yet whether he will filibuster the nomination. president obama will make the announcement at 1:30 p.m. eastern time, and you can hear it live on c-span radio or watch on c-span. meanwhile, labor secretary bill the sully's is resigning, saying she returns -- labor secretary hilda solis is resigning. responding to the news, president obama called her a tireless champion for working families. the white house says that attorney general eric holder, health and human services secretary kathleen sebelius, and -- will remain at their posts. a new rule on mortgages. the aim is to return -- for the first time, federal regulators are laying out rules to ensure mar words can afford to pay the cost of the mortgag
the nominee, what house chief of staff jack lew. if confirmed by the senate, he would replace tim geithner. some complain that he is too unyielding in past fiscal negotiations, specifically alabama senator jeff sessions. he says, "jack lew must never be treasury secretary." adding, "any loan disqualifies." senator sessions is not saying yet whether he will filibuster the nomination. president obama will make the announcement at 1:30 p.m. eastern time, and you can hear it...
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Jan 9, 2013
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tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down. all we have from sources is that it will happen sometime this week mptd not certain if that is tomorrow or friday or over the weekend but it will happen
tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut...
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Jan 10, 2013
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i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you know, geithner's for it. or it helps to say paulson was for it. it helps to say robert reuben is for this. and in this case they won't necessarily be able to make that. but they don't -- see where i disagree with you, i don't think they care that they don't sell it. they don't need to sell it. >> i don't care if they care. they should care. it does matter. we are entering really interesting times when it comes to a need to rethink our corporate tax system, rethink our individual tax system. rethink entitlements. all of these things. it would have been,
i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you...
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Jan 11, 2013
01/13
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"way too early" starts right now. >>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. when it's woven together, it completes our hopes and dreams of a nation. >> i tried. still doesn't even look good. good morning and welcome
"way too early" starts right now. >>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. when it's woven together, it completes our hopes and dreams of a nation. >> i tried. still doesn't even look good....
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Jan 10, 2013
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jack lew will not be nominated for secretary of penmanship. his signature could be on your money soon. >> that was way outside. >> that is the call from college park. maryland and flores -- florida state battled to the wire but the turks are now 1-1 in the acc. >> the philadelphia eagles are interviewing another coach from the college ranks. >> alabama beat the fighting irish in the title game monday night. kelly called coaching notre dame history job. some powerful voices are upset with the condition at fedex field. >> whether you're watching for home or at the field you notice the grass was looking dry. >> absolutely, we know the field is natural grass and the players' union says it needs to be upgraded. the association conducts an annual survey of nfl playing fields and last year, fedex field rank in the middle of the pack but a spokesman with the players association says that things seem to have gotten worse. last sunday, robert griffin iii and a seattle seahawks defensive end about suffered injuries. the nfl and redskins owner dan snyder
jack lew will not be nominated for secretary of penmanship. his signature could be on your money soon. >> that was way outside. >> that is the call from college park. maryland and flores -- florida state battled to the wire but the turks are now 1-1 in the acc. >> the philadelphia eagles are interviewing another coach from the college ranks. >> alabama beat the fighting irish in the title game monday night. kelly called coaching notre dame history job. some powerful...
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Jan 10, 2013
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this is jack lew's actual signature. and that will go on every bill, of course, if he is confirmed as treasury secretary. don't really know what that literally actually says. >> it looks like a slinky, jon. i know, jack, he might clean it up a little bit. you talked about the white house chief of staff pick. likely not today, but mcdonough and klain, both qualified candidates. >> absolutely. and both close to the president. especially denis mcdonough. he was in the situation room with the president the night of the bin laden raid. >> and the debate prep for the president this year. >>> let's go to josh for the rest of the morning headlines. >> we're going to look at sweeping mortgage rules to protect homeowners and preventing another meltdown. new federal regulations being announced today, will ban interest-risk-only loans. and will help make sure that homeowners can replay the loans, debt payments have to be less than 43% of the borrower's annual income. >>> and a judge is expected to rule tomorrow whether there is enou
this is jack lew's actual signature. and that will go on every bill, of course, if he is confirmed as treasury secretary. don't really know what that literally actually says. >> it looks like a slinky, jon. i know, jack, he might clean it up a little bit. you talked about the white house chief of staff pick. likely not today, but mcdonough and klain, both qualified candidates. >> absolutely. and both close to the president. especially denis mcdonough. he was in the situation room...
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Jan 10, 2013
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president obama has tapped his chief of staff jack lew for treasury secretary. if confirmed, he would replace timothy geithner. >> it is a less controversial move then chuck hegel, but he does face tough critics. sally has more from washington. >> the president says that jack lew has built a reputation as a master of policy and that someone who can work with members of both parties. the president made the announcement this afternoon. lew served as the chief of staff and in the office of the management and budget. in the clinton administration, he also served in the office of management and budget. >> i trust his judgment. i know few people with greater integrity. >> if confirmed, i will work with the people in the treasury who have legendary skill and knowledge. >> lew would take the helm of a tough time as the nation faces battles over the debt limit and cutting spending. and the nomination is drawing criticism from senate republicans who are questioning lew's commitment to cutting spending and getting the nation's fiscal house in order. >> all right, thank you
president obama has tapped his chief of staff jack lew for treasury secretary. if confirmed, he would replace timothy geithner. >> it is a less controversial move then chuck hegel, but he does face tough critics. sally has more from washington. >> the president says that jack lew has built a reputation as a master of policy and that someone who can work with members of both parties. the president made the announcement this afternoon. lew served as the chief of staff and in the...
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. >>> president obama will name jack lew for his cabinet. the confirmation process is not expected to be difficult. >>> meantime labor secretary hilda solis is leaving the obama administration. the president calls her a tireless champion for working families but business groups say her efforts were one-sided. >>> today was one of those days that cause to you wonder, was it really january? there were people going for a jog in shorts and playing football. >> we hit 50 today. our average high is 42, so that's a pretty good dee. there is a cold front, though, pushing through. let's start with cities. 48 downtown, 43 gaithersburg, 37 in manassas, 3 in frederick. hagerstown, still 50. 4 in cumberland. satellite/radar combined, a couple of sprinkles. the frontal boundary did not have much moisture. for tonight, everybody clears out. breezy, just chill. >> reporter: yes lows 32 to 40. winds will pick up shortly. we'll come back, shy picture of a false spring and explain what a false spring is. >> thank you, top. >>> we all know the construction head
. >>> president obama will name jack lew for his cabinet. the confirmation process is not expected to be difficult. >>> meantime labor secretary hilda solis is leaving the obama administration. the president calls her a tireless champion for working families but business groups say her efforts were one-sided. >>> today was one of those days that cause to you wonder, was it really january? there were people going for a jog in shorts and playing football. >> we...
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Jan 12, 2013
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jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a number of women that have clearly -- >> yeah. >> secretary of state chief among them. how significant is this? >> let's be honest about america and washington. the republicans want to say most of the america is still run by old white guys. that's the truth. not surp
jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't...
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today president obama is expected to nominate his chief of staff jack lew as secretary of treasury. he helped balance a budget deal with congress. if confirmed lew will replace timothy geithner. and hilda solis announced she's resigning. she's leaving for california and is expected to run for board on the county supervisors. eric holder, kathleen sebelius and eric shinseki are staying on. >>> this year's flu outbreak is wiegd. it declared a public health emergency. free vaccinations are now being offered. ines ferre reports. >> reporter: the flu hasn't been this bad in boston for years, more than 700 cases have been confirmed so far and statewide 18 people have died. city health officials are preparing for it to get worse. >> in the last two weeks alone we doubled our number. if we continue this rate to see new cases, we'll have an explosion of flu in the city of boston. we really need to get ahead of this at this point in time. >> reporter: but it's not just massachusetts. cbs confirms the 48 states. >> we're seeing patient volumes and acuity levels greater than the peak of the h1n
today president obama is expected to nominate his chief of staff jack lew as secretary of treasury. he helped balance a budget deal with congress. if confirmed lew will replace timothy geithner. and hilda solis announced she's resigning. she's leaving for california and is expected to run for board on the county supervisors. eric holder, kathleen sebelius and eric shinseki are staying on. >>> this year's flu outbreak is wiegd. it declared a public health emergency. free vaccinations...
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Jan 12, 2013
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nominate his chief of staff, jack lew, to be next treasury secretary. >> his signature on the bottom of the currency. look, something like this. >> that, that is your signature? or are you just testing to see if the pen works? hey, lew. here is a tip. stop signing all your checks on the tea cup ride at disney world. the only way that are you allowed to have that as your signature if is if your name is boing! self. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. your soups are so awesomely delicious my husband an
nominate his chief of staff, jack lew, to be next treasury secretary. >> his signature on the bottom of the currency. look, something like this. >> that, that is your signature? or are you just testing to see if the pen works? hey, lew. here is a tip. stop signing all your checks on the tea cup ride at disney world. the only way that are you allowed to have that as your signature if is if your name is boing! self. with so much noise about health care... i tuned it all out. with...
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Jan 10, 2013
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i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. he is committed to defending the safety net for the elderly and the pour.-- poor. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public life. i am incredibly proud that my family have been willing to allow me to do this and i think them for their support and their patients, and i understand there nderstand,es,, and i u their occasional impatience. [laughter] i want to express my admiration for the men and women of the treasury department. those who serve you during these years of crisis, and the civil servants of the tr
i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. he is committed to defending the safety net for the elderly and the pour.-- poor. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my...
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jack lew wants you to know nothing about what he's thinking or about what he's doing. you could almost see the j in the first letter. alternative is that you see nothing else. it does reveal something. what it reveals, because of the circles, is that he's a methodical and deliberate thinker. so he doesn't want you to know. he doesn't display any of his personality in each letter because there's no letters there. what it does show you, however, is that he is a takeover king, kind of like you, victor. >> oh! >> and, of course, randi. large beginning strokes indicate that he loves responsibility. as the end stroke is a little caution. but he's the kind of guy that spends a lot of time by himself. he is very happy with himself. he probably eats lunch at his desk every day. the end stroke in many of his signatures goes up, which is a contradiction of what we see in his signature because it indicates he wants to be the center of attention but he doesn't want to tell you anything about himself. you see a lot even though he doesn't show it. >> it doesn't even look like his nam
jack lew wants you to know nothing about what he's thinking or about what he's doing. you could almost see the j in the first letter. alternative is that you see nothing else. it does reveal something. what it reveals, because of the circles, is that he's a methodical and deliberate thinker. so he doesn't want you to know. he doesn't display any of his personality in each letter because there's no letters there. what it does show you, however, is that he is a takeover king, kind of like you,...
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. >>> obama's nominee for treasury secretary jack lew is facing criticism because his signature, which will appear on the dollar bill, is complete lly illegible. look at his signature. this is real. in response, lew is like, i will fix this or my name is -- there's some political news here. president obama recently came under fire from republicans over the lack of diversity in his cabinet. then obama said, you guys know i'll be there too, right? >>> well, it's time for other entertainment news. it's the cia versus the lapd at the box office this weekend. after being in limited release for the past few weeks "zero dark thirty" is going wide, fresh off its five oscar nominations. but "gangster squad" may take first place this weekend thanks to box office draws ryan gosling and emma stone. >>> so what does 9-year-old quvenzhane wallis want to do now that she's nominated for on can oscar? what any other 9-year-old would want to do. go on a shopping spree and eat pizza. >>> justin bieber may have a dopplpganger. >>> and justin timberlake and beyonce both announced new music is headed our wa
. >>> obama's nominee for treasury secretary jack lew is facing criticism because his signature, which will appear on the dollar bill, is complete lly illegible. look at his signature. this is real. in response, lew is like, i will fix this or my name is -- there's some political news here. president obama recently came under fire from republicans over the lack of diversity in his cabinet. then obama said, you guys know i'll be there too, right? >>> well, it's time for other...
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today, he announces his in tent to nominate jack lew for treasury secretary to replace geithner. and secretary hilda solis is resigning, the first latino to run a major u.s. federal agency. >>> and trying to find out what caused a crowded high speed commuter ferry to crash into a dock wednesday in lower manhattan. about 70 people were injured in the accident. it recently got new engines and a new propulsion system but investigators don't know if an overhaul was a factor in the crash. >>> banning risky mortgages and restrict teaser rates that go upward and cap a percentage of a borrower's income that could go towards loan payments and will take effect next year. >>> oscar nominations, nominated for best picture, beasts of the southern wild. "silver linings playbook," "zero dark 30," "lincoln," "les miserables," "life of pi," "amour," "django unchained" and "argo." "lincoln" leading the pack with the most nominations with 12. the oscars will be awarded february 24th. >>> some incredible online video of the ultimate moonwalk. video of a man walking on a tightrope in front of the moo
today, he announces his in tent to nominate jack lew for treasury secretary to replace geithner. and secretary hilda solis is resigning, the first latino to run a major u.s. federal agency. >>> and trying to find out what caused a crowded high speed commuter ferry to crash into a dock wednesday in lower manhattan. about 70 people were injured in the accident. it recently got new engines and a new propulsion system but investigators don't know if an overhaul was a factor in the crash....